2023 INR to UGX Historical Review

YEARLY HIGH

46.1118 UGX

YEARLY LOW

43.3448 UGX

YEARLY AVERAGE

45.0952 UGX

2023 INR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 46.1118. Conversely, the yearly low was recorded on August 6, dropping to 43.3448.

This high-to-low spread represents a total annual volatility of 2.7670 UGX. From a start-to-finish perspective, comparing the January average rate of 45.1735 to the December average rate of 45.4291, the exchange rate registered a net change of 0.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 46.1118 was down 6.49% compared to the 2022 peak of 49.3122, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 11,527,949 UGX

2022 Average 11,740,248 UGX

Yearly Trough Low 10,836,209 UGX

Transaction Impact: A difference of 691,740.01 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

45.7957

44.3094

JanuMarcMayJulySeptNove

INR to UGX Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 45.2091, compared to 44.9813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2278 points.

H1 Avg (Jan–Jun) 45.2091

H2 Avg (Jul–Dec) 44.9813

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 1.9437 UGX (High: 45.2886 / Low: 43.3448). On the other end, January was the most stable month, with a tight range of 0.4704 UGX (High: 45.4282 / Low: 44.9579).

August Spread (Volatile) ±1.9437

January Spread (Stable) ±0.4704

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.5541 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 45.4394) against the same month in 2022 (average: 47.1172), the exchange rate shifted by -1.6777 (-3.56%).

2023 Avg (March) 45.4394

2022 Avg (March) 47.1172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.4282	44.9579	45.1735
February	45.1490	44.0915	44.6194
March	46.1118	44.7639	45.4394
April	46.0618	45.3846	45.6719
May	45.7120	44.8109	45.2686
June	45.5735	44.5485	45.0816
July	45.0189	43.7767	44.5432
August	45.2886	43.3448	44.4332
September	45.3312	44.7631	45.0216
October	45.4386	44.8525	45.0908
November	45.8021	45.0926	45.3699
December	45.7170	45.1483	45.4291